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F.C.Tucker 1st Team Real Estate BLOG about Northwest Indiana

Located in Valparaiso, Indiana... F.C.Tucker 1st Team Real Estate Blog shares Northwest Indiana Real Estate and Community Information For Lake County, Porter County, La Porte County in NW Indiana. Local Housing Information, Events, Festivals, Activities, Local Sports, Highlights about Local Business and living in the region. Commuting distance to the windy city of Chicago, many residents make the cities & towns and neighborhods of NWI Home Sweet Home.

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F.C.Tucker is Indiana's leading real estate company established in 1918. F.C.Tucker 1st Team Real Estate is the 32nd franchise office in Indiana serving the Northwest corner of the state of IN. Recent news and Stats include: F.C. Tucker is Ranked in the Top Ten Nationally for Agent Sales Productivity!! In the Realty Alliance, 55 of the top market leaders in the nation, Tucker agents rank #6 in sales productivity!! F.C. Tucker is a member of the Realty Alliance, a strategic alliance of the top 50 independent real estate companies in the nation. For 2010 F.C.Tucker was... - 17th in closed volume - 10th in "units" (number of closed transactions) - 6th in productivity per agent - 44 Offices - Over 1300 Sales Associates - Over $2.1 Billion Sold in 2010 - 12,273 Families Represented in 2010 - 10,983 New Listings in 2010
So you want to buy a Fixer Upper? FHA 203K loan maybe the way to buy a home that needs work.

Consider 203 K FHA Loans if rennovations neededNW Indiana Home Buyers Consider a FHA 203K Loan rather than cross that home off your short list!

 Real Estate is a local business. In NorthWest Indiana the average age of existing housing is 50+ years . This, combined with an aging population of sellers who may be unable or unwilling to renovate that dated kitchen or bath, leaves us with a certain % of Inventory on the Market that you, as a Home Buyer may overlook or cross off your short list.

This may delay your finding that 'perfect home' for weeks or even months and you may just get frustrated and even decide to keep feeding the RENT monster! Tired of paying Rent - Buy a Cheap Fixer Upper with a 203K loan

 

We are here to tell you-YOU DO HAVE ANOTHER OPTION.for those SOLD As IS properties!

If the LOCATION of the Home (which you cannot change) is desirable, and the Basic BONES are GOOD (i.e.layout, structure, etc.)

  • yet you wish that the 1960's 1970's or 1980's look of the place would disappear :)
  • and you find a home priced below your price range,
  • with neighborhood comps that are higher due to recent sales of homes in the area that have already been remodeled/updated......
  • plus you HAVE IMAGINATION about the Home's HIDDEN POTENTIAL  (how it could look with YOUR input),

Then an FHA 203K Loan may be worth your careful consideration as it allows you to purchase the Property and includes the cost of home repairs, updates/remodeling or rebuilding!

There are special Home Improvement Program Renovation Loan Products out there Insured By HUD that allow you to get bids on the work needed, submit those "Subject to Value Appraisal" and when the loan closes the work starts and the contractors are paid (draws from the lender) after the work is completed! 

Can You Fix It - Yes You Can with a FHA 203K Loan that will pay a contractor to Update Your new Home Sweet Home

Why move into a property and run up your credit cards the 1st few years of living there because you probably will want to make some changes anyway?

 With the amount of REO / foreclosure, short sale and FIXER UPPER or SOLD AS IS properties on the market increasing in our area, this could help solve one of Today's REAL ESTATE Problems.

We can refer you to experienced lenders who have a separate 203 K department with processors and designated underwriters just to handle the specific details and steps of this type of specialized loan (they even provide 60 day benchmark calendar guide).

We also have some listings for sale in NWI below assessed or appraised value, that with updates would make great Home Sweet Homes!

Give us a call today to see what the Neighborhood Market Analysis is as compared to the prices of these properties below in need of updates:



 
Looking for REO Properties?  HUD homes we have an NAID number to submit buyer bids, Fannie Mae owned Home Path Homes - our agents are familiar with the Bid online process,
 
 Feel free to call us with any questions

Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Sports, Events, attractions & more.

 F.C.Tucker Indiana's largest Real Estate Company Sincerely,

Jeff & Grace Safrin,  Broker / Owners                              Sign Up For Our Real Estate Newsletter

F.C.Tucker 1st Team Real Estate

13 Lincolnway Suite # 203 

Valparaiso, IN 46383         

Office # 219-309-9930

serving Lake, Porter, La Porte, Jasper, Newton & Starke Counties in NW Indiana

 Independently Owned & Operated

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Published Monday, May 14, 2012 8:45 AM by F.C.Tucker 1st Team Real Estate

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